Sigma Investment Counselors Inc. Sells 124 Shares of The Home Depot, Inc. (NYSE:HD)

Sigma Investment Counselors Inc. cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,077 shares of the home improvement retailer’s stock after selling 124 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Home Depot were worth $1,197,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new position in shares of Home Depot during the fourth quarter valued at $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot in the fourth quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot in the third quarter valued at about $41,000. Sugar Maple Asset Management LLC bought a new position in shares of Home Depot in the fourth quarter valued at about $41,000. Finally, Marshall Investment Management LLC bought a new position in shares of Home Depot in the fourth quarter valued at about $41,000. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

Shares of HD opened at $384.82 on Friday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock has a 50 day simple moving average of $402.13 and a 200 day simple moving average of $397.54. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The firm has a market capitalization of $382.26 billion, a PE ratio of 26.14, a P/E/G ratio of 4.03 and a beta of 1.05.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. TD Cowen lifted their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Truist Financial lifted their price objective on Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Bank of America lifted their price objective on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company lifted their price objective on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $433.44.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.